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Social Care Home
Turnover - £3m
Sector - Healthcare
The Project:
Owner required support to stabilise the business following the addition of a second home which caused operational and financial issues
Outputs:
Bank support and 6 month OD extension
Regional Development Fund support
Cash headroom created whilst operational actions recovered occupancy
Profitability recovered leading to;
Repayment of OD extension within 6 months
Return to mainstream Banking within 12 months &
Core OD removal within 18 months
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